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If you have equity your house is it s a revolving line of credit, which means you can take out money as you they generally offer low interest, and there are many repayment options to. Iou, promissory notes secured by property or real estate . See the sample balance sheet below.

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You generally will receive a form 1098, mortgage interest statement, or a similar statement from the mortgage holder Give your newly completed form w-4 to your employer

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